2018 Federal Budget

2018 Federal Budget

The Treasurer, Scott Morrison, handed down the Federal Budget 2018-19 last night.  We have outlined below the key budget items that may impact you: Personal Income tax changes The Government will introduce a 7 year, 3 step personal income tax plan as follows: Step 1...
QLD New Labour Hire Licensing Laws

QLD New Labour Hire Licensing Laws

The Labour Hire Licensing Act 2017 (the ACT) will commence on 16 April 2018 to protect labour hire workers and safeguard labour hire providers that are ethical and responsible. Key features of the Act include: labour hire providers to be licensed to operate in...
Top 5 Tips in Relation to Fringe Benefits Tax

Top 5 Tips in Relation to Fringe Benefits Tax

The FBT year runs from 1 April to 31 March.  There have been some changes in the past few years and rates having moved from last year.  Now is the time to collate and prepare your FBT Return due for lodgement by 21 May 2018. Here are some tips which will help clarify...
Downsizing Contributions into Superannuation

Downsizing Contributions into Superannuation

From 1 July 2018, people who exchange a contract for sale of their main residence and are 65 years old or older may be eligible to make a downsizer contribution into their superannuation of up to $300,000 from the proceeds of selling their home. Please contact...
NOTIFIABLE DATA BREACHES SCHEME

NOTIFIABLE DATA BREACHES SCHEME

The Privacy Amendment (Notifiable Data Breaches) Act 2017 made its way through both houses of Parliament with bipartisan support and received Royal Asset on 22 February 2017. From 23 February 2018, the Privacy Act 1988 (Cth) will include a mandatory data breach...
New GST Rules Affecting Property Transactions

New GST Rules Affecting Property Transactions

Treasury has released draft legislation, which proposes a new process for the remittance of GST to the ATO for property transactions that relate to the supply of “new residential premises”. Why the Changes? The purpose of these new rules is to shift the...